PPP Loan Data — Christina's Fine Clothing, Merced, CA
Christina's Fine Clothing is a partnership located at 2852 G St in Merced, California that received a Coronavirus-related PPP loan from the SBA of $45,888.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Oak Valley Community Bank
Christina's Fine Clothing in Merced, CA received a Paycheck Protection Loan of $45,888 through Oak Valley Community Bank, which was approved in June, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Christina's Fine Clothing's 2019 payroll expenses are estimated to be at least $220,262.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,466 per employee1
Reported PPP Proceed Usage:
On the PPP application, Christina's Fine Clothing reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,888
Business Information - Christina's Fine Clothing in Merced, CA
2852 G St
Merced, CA 95340
Women's Clothing Stores
NAICS code 448120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Merced
In the Merced area, 6 businesses in the "Women's Clothing Stores" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 7) and received an average PPP loan of $22,943 (compared to this company's $45,888).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 43,984 businesses in the "Women's Clothing Stores" industry received a total of $1.11B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 3 employees, 57% lower than Christina's Fine Clothing's reported 7 employees, and received an average PPP loan of $25,247, 45% lower than this company's loan of $45,888.
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